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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2015
Text Block [Abstract] |
Summary of company's segment results |
|  |  |  | Year Ended December 31, 2015
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 389 |  | $ | 27 |  | $ | 114 |  | $ | - |  | $ | 530
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | 129 |  |  | - |  |  | 129
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 14 |  |  | 58 |  |  | (9) |  |  | - |  |  | 63
Net investment losses related to other-than-temporary impairments |  |  | (10) |  |  | (3) |  |  | - |  |  | - |  |  | (13)
Net gains (losses) on extinguishment of debt |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Other net realized gains (losses) |  |  | (4) |  |  | 21 |  |  | - |  |  | - |  |  | 17
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 128 |  |  | - |  |  | 128
Inter-segment revenues(2) |  |  | 34 |  |  | 67 |  |  | 63 |  |  | (164) |  |  | -
|  | Total revenues |  |  | 423 |  |  | 169 |  |  | 425 |  |  | (164) |  |  | 853
Losses and loss adjustment |  |  | 5 |  |  | - |  |  | 118 |  |  | - |  |  | 123
Operating |  |  | 38 |  |  | 79 |  |  | 73 |  |  | - |  |  | 190
Interest |  |  | - |  |  | 97 |  |  | 102 |  |  | - |  |  | 199
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 52 |  |  | - |  |  | 52
Inter-segment expenses(2) |  |  | 89 |  |  | 7 |  |  | 64 |  |  | (160) |  |  | -
|  | Total expenses |  |  | 132 |  |  | 183 |  |  | 409 |  |  | (160) |  |  | 564
Income (loss) before income taxes |  |  | 291 |  |  | (14) |  |  | 16 |  |  | (4) |  |  | 289
Provision (benefit) for income taxes |  |  | 100 |  |  | 7 |  |  | 3 |  |  | (1) |  |  | 109
Net income (loss) |  | $ | 191 |  | $ | (21) |  | $ | 13 |  | $ | (3) |  | $ | 180
Identifiable assets |  | $ | 5,265 |  | $ | 2,606 |  | $ | 9,882 |  | $ | (2,898) | (3) | $ | 14,855
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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 deferred income taxes, reinsurance balances and repurchase agreements.
|  |  |  | Year Ended December 31, 2014
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  | Advisory |  |  |  |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Services |  | Conduit |  | Eliminations |  |  | Consolidated
Revenues(1) |  | $ | 373 |  | $ | 42 |  | $ | 189 |  | $ | 12 |  | $ | - |  | $ | - |  |  | $ | 616
Net change in fair value of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| insured derivatives |  |  | 1 |  |  | - |  |  | 458 |  |  | - |  |  | - |  |  | - |  |  |  | 459
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 26 |  |  | 55 |  |  | - |  |  | (3) |  |  | - |  |  | - |  |  |  | 78
Net investment losses related |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| to other-than-temporary |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| impairments |  |  | (15) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | (15)
Net gains (losses) on |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| extinguishment of debt |  |  | - |  |  | 3 |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | 3
Other net realized gains (losses) |  |  | 14 |  |  | 2 |  |  | 12 |  |  | - |  |  | - |  |  | - |  |  |  | 28
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 105 |  |  | (8) |  |  | 4 |  |  | - |  |  |  | 101
Inter-segment revenues(2) |  |  | 44 |  |  | 46 |  |  | 55 |  |  | 22 |  |  | (1) |  |  | (166) |  |  |  | -
|  | Total revenues |  |  | 443 |  |  | 148 |  |  | 819 |  |  | 23 |  |  | 3 |  |  | (166) |  |  |  | 1,270
Losses and loss adjustment |  |  | (10) |  |  | - |  |  | 143 |  |  | - |  |  | - |  |  | - |  |  |  | 133
Operating |  |  | 38 |  |  | 87 |  |  | 72 |  |  | 42 |  |  | - |  |  | - |  |  |  | 239
Interest |  |  | - |  |  | 101 |  |  | 109 |  |  | - |  |  | - |  |  | - |  |  |  | 210
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 47 |  |  | - |  |  | - |  |  | - |  |  |  | 47
Inter-segment expenses(2) |  |  | 78 |  |  | 15 |  |  | 64 |  |  | 6 |  |  | 9 |  |  | (172) |  |  |  | -
|  | Total expenses |  |  | 106 |  |  | 203 |  |  | 435 |  |  | 48 |  |  | 9 |  |  | (172) |  |  |  | 629
Income (loss) before income taxes |  |  | 337 |  |  | (55) |  |  | 384 |  |  | (25) |  |  | (6) |  |  | 6 |  |  |  | 641
Provision (benefit) for income taxes |  |  | 115 |  |  | (173) |  |  | 134 |  |  | (6) |  |  | - |  |  | 2 |  |  |  | 72
Net income (loss) |  | $ | 222 |  | $ | 118 |  | $ | 250 |  | $ | (19) |  | $ | (6) |  | $ | 4 |  |  | $ | 569
Identifiable assets |  | $ | 5,887 |  | $ | 2,846 |  | $ | 10,086 |  | $ | 793 |  | $ | - |  | $ | (3,328) | (3) |  | $ | 16,284
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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, intercompany interest income and expense pertaining to intercompany
receivables and payables and intercompany loans.
(3) - Consists of intercompany reinsurance balances, repurchase agreements and deferred income taxes.
|  |  |  | Year Ended December 31, 2013
|  |  |  | U.S. |  |  |  |  | International |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Public |  |  |  |  | and Structured |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  | Advisory |  |  |  |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Services |  | Conduit |  | Eliminations |  |  | Consolidated
Revenues(1) |  | $ | 425 |  | $ | 55 |  | $ | 148 |  | $ | 16 |  | $ | - |  | $ | - |  |  | $ | 644
Net change in fair value of |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| insured derivatives |  |  | 3 |  |  | - |  |  | 229 |  |  | - |  |  | - |  |  | - |  |  |  | 232
Net gains (losses) on financial |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 29 |  |  | 15 |  |  | 24 |  |  | 1 |  |  | - |  |  | - |  |  |  | 69
Net gains (losses) on |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| extinguishment of debt |  |  | - |  |  | 22 |  |  | - |  |  | - |  |  | - |  |  | 38 | (3) |  |  | 60
Other net realized gains (losses) |  |  | (29) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  |  | (29)
Revenues of consolidated VIEs |  |  | - |  |  | (14) |  |  | 237 |  |  | - |  |  | 10 |  |  | - |  |  |  | 233
Inter-segment revenues(2) |  |  | 90 |  |  | 85 |  |  | 78 |  |  | 26 |  |  | (9) |  |  | (270) |  |  |  | -
|  | Total revenues |  |  | 518 |  |  | 163 |  |  | 716 |  |  | 43 |  |  | 1 |  |  | (232) |  |  |  | 1,209
Losses and loss adjustment |  |  | 105 |  |  | - |  |  | 12 |  |  | - |  |  | - |  |  | - |  |  |  | 117
Operating |  |  | 66 |  |  | 157 |  |  | 108 |  |  | 53 |  |  | - |  |  | - |  |  |  | 384
Interest |  |  | - |  |  | 124 |  |  | 112 |  |  | - |  |  | - |  |  | - |  |  |  | 236
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 50 |  |  | - |  |  | 6 |  |  | - |  |  |  | 56
Inter-segment expenses(2) |  |  | 96 |  |  | 7 |  |  | 136 |  |  | 7 |  |  | 26 |  |  | (272) |  |  |  | -
|  | Total expenses |  |  | 267 |  |  | 288 |  |  | 418 |  |  | 60 |  |  | 32 |  |  | (272) |  |  |  | 793
Income (loss) before income taxes |  |  | 251 |  |  | (125) |  |  | 298 |  |  | (17) |  |  | (31) |  |  | 40 |  |  |  | 416
Provision (benefit) for income taxes |  |  | 82 |  |  | (15) |  |  | 101 |  |  | (5) |  |  | (10) |  |  | 13 |  |  |  | 166
Net income (loss) |  | $ | 169 |  | $ | (110) |  | $ | 197 |  | $ | (12) |  | $ | (21) |  | $ | 27 |  |  | $ | 250
Identifiable assets |  | $ | 6,056 |  | $ | 2,641 |  | $ | 11,687 |  | $ | 44 |  | $ | 177 |  | $ | (3,652) | (4) |  | $ | 16,953
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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, intercompany interest income and expenses pertaining to
intercompany receivables and payables and intercompany loans.
(3) - Represents the gain on the debt received as consideration in connection with the settlement with Bank of America.
(4) - 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 |
|  |  |  | Years Ended December 31, |
| In millions |  |  | 2015 |  |  | 2014 |  |  | 2013 |
| Total premiums earned: |  |  |  |  |  |  |  |  |  |
|  | United States |  | $ | 310 |  | $ | 299 |  | $ | 391 |
|  | United Kingdom |  |  | 30 |  |  | 36 |  |  | 34 |
|  | Europe (excluding United Kingdom) |  |  | 4 |  |  | 7 |  |  | 11 |
|  | Internationally diversified |  |  | 3 |  |  | 9 |  |  | 9 |
|  | Central and South America |  |  | 29 |  |  | 49 |  |  | 36 |
|  | Asia |  |  | 3 |  |  | 4 |  |  | 4 |
|  | Other |  |  | 6 |  |  | 12 |  |  | 9 |
| Total |  | $ | 385 |  | $ | 416 |  | $ | 494 |

X
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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 + Details
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