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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 66 $ 122
Investment income received 263 317
Errors and omissions insurance recoveries received 0 30
Insured derivative commutations and losses paid (42) (401)
Financial guarantee losses and loss adjustment expenses paid (68) (181)
Proceeds from recoveries and reinsurance 61 93
Operating and employee related expenses paid (99) (198)
Interest paid, net of interest converted to principal (130) (136)
Income taxes (paid) received (9) 4
Net cash provided (used) by operating activities 42 (350)
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,497) (1,220)
Sales of available-for-sale investments 630 594
Paydowns and maturities of available-for-sale investments 463 379
Purchases of investments at fair value (324) (457)
Sales, paydowns and maturities of investments at fair value 447 550
Sales, paydowns and maturities (purchases) of short-term investments, net 582 318
Sales, paydowns and maturities of held-to-maturity investments 50 29
Purchases of loans at fair value 0 (195)
Paydowns and maturities of loans at fair value 172 172
Consolidation of variable interest entities including cash acquired 7 221
Deconsolidation of variable interest entities 0 (1)
(Payments) proceeds for derivative settlements 33 (23)
Collateral (to) from swap counterparty (64) 99
Capital expenditures (3) (9)
Other investing 47 0
Net cash provided (used) by investing activities 543 457
Cash flows from financing activities:    
Proceeds from investment agreements 21 23
Principal paydowns of investment agreements (88) (72)
Principal paydowns of medium-term notes (116) (166)
Principal paydowns of variable interest entity notes (392) (516)
Principal paydowns of long-term debt (11) 0
Purchases of treasury stock (300) (23)
Net cash provided (used) by financing activities (886) (754)
Effect of exchange rate changes on cash and cash equivalents 11 (5)
Net increase (decrease) in cash and cash equivalents (290) (652)
Cash and cash equivalents - beginning of period 782 1,258
Cash and cash equivalents - end of period 492 606
Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]    
Net income (loss) 98 549
Change in: [Abstract]    
Premiums receivable 63 92
Deferred acquisition costs 35 30
Unearned premium revenue (274) (303)
Loss and loss adjustment expense reserves (24) (124)
Insurance loss recoverable 96 119
Accrued interest payable 78 79
Realized (gains) losses and other settlements on insured derivatives 0 30
Unrealized (gains) losses on insured derivatives (121) (863)
Net (gains) losses on financial instruments at fair value and foreign exchange (29) (97)
Other net realized (gains) losses (18) (28)
Deferred income tax provision (benefit) 50 49
Interest on variable interest entities, net 51 56
Other operating 37 61
Total adjustments to net income (loss) (56) (899)
Net cash provided (used) by operating activities $ 42 $ (350)