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Business Segments (Tables)

9 Months Ended

Sep. 30, 2015

Text Block [Abstract]

Summary of company's segment results

				Three Months Ended September 30, 2015
				U.S.						International
				Public						and Structured
				Finance						Finance
In millions				Insurance			Corporate			Insurance			Eliminations			Consolidated
Revenues(1)				$	90		$	5		$	28		$	-		$	123
Net change in fair value of insured derivatives					-			-			3			-			3
Net gains (losses) on financial instruments at fair value and
	foreign exchange				1			(45)			(11)			-			(55)
Net investment losses related to other-than-temporary impairments					(3)			-			-			-			(3)
Other net realized gains (losses)					-			(1)			-			-			(1)
Revenues of consolidated VIEs					-			-			25			-			25
Inter-segment revenues(2)					8			16			15			(39)			-
		Total revenues			96			(25)			60			(39)			92
Losses and loss adjustment					(7)			-			46			-			39
Operating					11			18			17			-			46
Interest					-			24			25			-			49
Expenses of consolidated VIEs					-			-			13			-			13
Inter-segment expenses(2)					21			1			17			(39)			-
		Total expenses			25			43			118			(39)			147
Income (loss) before income taxes					71			(68)			(58)			-			(55)
Provision (benefit) for income taxes					25			(25)			(20)			-			(20)
Net income (loss)				$	46		$	(43)		$	(38)		$	-		$	(35)
Identifiable assets				$	5,432		$	2,514		$	10,084		$	(2,979)	(3)	$	15,051
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.

				Three Months Ended September 30, 2014
				U.S.						International
				Public						and Structured
				Finance						Finance			Advisory
In millions				Insurance			Corporate			Insurance			Services			Eliminations			Consolidated
Revenues(1)				$	100		$	7		$	67		$	3		$	-		$	177
Net change in fair value of
	insured derivatives				-			-			24			-			-			24
Net gains (losses) on financial
	instruments at fair value and
	foreign exchange				2			68			(13)			-			-			57
Net investment losses related
	to other-than-temporary
	impairments				(14)			-			-			-			-			(14)
Net gains (losses) on
Other net realized gains (losses)					18			1			11			-			-			30
Revenues of consolidated VIEs					-			-			21			(4)			-			17
Inter-segment revenues(2)					7			12			12			5			(36)			-
		Total revenues			113			88			122			4			(36)			291
Losses and loss adjustment					(8)			-			28			-			-			20
Operating					9			25			17			8			-			59
Interest					-			26			26			-			-			52
Expenses of consolidated VIEs					-			-			12			-			-			12
Inter-segment expenses(2)					18			-			16			2			(36)			-
		Total expenses			19			51			99			10			(36)			143
Income (loss) before income taxes					94			37			23			(6)			-			148
Provision (benefit) for income taxes					38			(70)			9			(2)			-			(25)
Net income (loss)				$	56		$	107		$	14		$	(4)		$	-		$	173
Identifiable assets				$	6,132		$	2,735		$	10,373		$	481		$	(3,520)	(3)	$	16,201
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and other fees.
(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses and intercompany interest income and expense pertaining to intercompany
receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.

				Nine Months Ended September 30, 2015
				U.S.						International
				Public						and Structured
				Finance						Finance
In millions				Insurance			Corporate			Insurance			Eliminations			Consolidated
Revenues(1)				$	288		$	18		$	86		$	-		$	392
Net change in fair value of insured derivatives					-			-			91			-			91
Net gains (losses) on financial instruments at fair value and
	foreign exchange				4			35			(19)			-			20
Net investment losses related to other-than-temporary impairments					(9)			(1)			-			-			(10)
Net gains (losses) on extinguishment of debt					-			(1)			-			-			(1)
Other net realized gains (losses)					(4)			22			-			-			18
Revenues of consolidated VIEs					-			-			46			-			46
Inter-segment revenues(2)					26			53			48			(127)			-
		Total revenues			305			126			252			(127)			556
Losses and loss adjustment					(5)			-			84			-			79
Operating					29			56			54			-			139
Interest					-			73			76			-			149
Expenses of consolidated VIEs					-			-			39			-			39
Inter-segment expenses(2)					67			3			50			(120)			-
		Total expenses			91			132			303			(120)			406
Income (loss) before income taxes					214			(6)			(51)			(7)			150
Provision (benefit) for income taxes					74			-			(19)			(3)			52
Net income (loss)				$	140		$	(6)		$	(32)		$	(4)		$	98
Identifiable assets				$	5,432		$	2,514		$	10,084		$	(2,979)	(3)	$	15,051
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements and other fees.
(2) - Represents intercompany premium income and expense and intercompany interest income and expense pertaining to intercompany receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.

				Nine Months Ended September 30, 2014
				U.S.						International
				Public						and Structured
				Finance						Finance			Advisory
In millions				Insurance			Corporate			Insurance			Services			Conduit			Eliminations				Consolidated
Revenues(1)				$	272		$	30		$	142		$	10		$	-		$	-			$	454
Net change in fair value of
	insured derivatives				1			-			445			-			-			-				446
Net gains (losses) on financial
	instruments at fair value and
	foreign exchange				21			56			(11)			(3)			-			-				63
Net investment losses related
	to other-than-temporary
	impairments				(14)			-			-			-			-			-				(14)
Net gains (losses) on
	extinguishment of debt				-			3			-			-			-			-				3
Other net realized gains (losses)					18			2			11			-			-			-				31
Revenues of consolidated VIEs					-			-			72			(4)			4			-				72
Inter-segment revenues(2)					30			38			36			17			(1)			(120)				-
		Total revenues			328			129			695			20			3			(120)				1,055
Losses and loss adjustment					(5)			-			87			-			-			-				82
Operating					29			64			49			30			-			-				172
Interest					-			78			80			-			-			-				158
Expenses of consolidated VIEs					-			-			36			-			-			-				36
Inter-segment expenses(2)					56			7			51			5			9			(128)				-
		Total expenses			80			149			303			35			9			(128)				448
Income (loss) before income taxes					248			(20)			392			(15)			(6)			8				607
Provision (benefit) for income taxes					90			(167)			137			(3)			(2)			3				58
Net income (loss)				$	158		$	147		$	255		$	(12)		$	(4)		$	5			$	549
Identifiable assets				$	6,132		$	2,735		$	10,373		$	481		$	-		$	(3,520)	(3)		$	16,201
________________
(1) - Represents the sum of third-party financial guarantee net premiums earned, net investment income, insurance-related fees and reimbursements, investment management fees and other fees.
(2) - Represents intercompany premium income and expense, intercompany asset management fees and expenses and intercompany interest income and expense pertaining to intercompany
receivables and payables.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.

Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk

				Three Months Ended September 30,						Nine Months Ended September 30,
	In millions				2015			2014			2015			2014
	Total premiums earned:
		United States		$	71		$	78		$	232		$	216
		United Kingdom			8			9			23			28
		Europe (excluding United Kingdom)			2			2			4			6
		Internationally diversified			1			4			3			7
		Central and South America			7			26			20			42
		Asia			-			1			2			3
		Other			1			2			4			6
	Total			$	90		$	122		$	288		$	308

X

- Definition

This element shows Premiums earned on financial guarantees and insured derivatives within the company's insurance segments by geographic location of risk.

+ References

No definition available.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 280



-SubTopic 10



-Section 50



-Paragraph 31



-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 280



-SubTopic 10



-Section 50



-Paragraph 30



-Subparagraph (b)



-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

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- References

No definition available.

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