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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2016
Text Block [Abstract] |
Summary of company's segment results |
|  |  |  | Three Months Ended March 31, 2016
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 84 |  | $ | 5 |  | $ | 26 |  | $ | - |  | $ | 115
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | (28) |  |  | - |  |  | (28)
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 9 |  |  | (84) |  |  | 6 |  |  | - |  |  | (69)
Net investment losses related to other-than-temporary impairments |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Net gains (losses) on extinguishment of debt |  |  | - |  |  | 2 |  |  | - |  |  | - |  |  | 2
Other net realized gains (losses) |  |  | - |  |  | (1) |  |  | - |  |  | - |  |  | (1)
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 14 |  |  | - |  |  | 14
Inter-segment revenues(2) |  |  | 6 |  |  | 16 |  |  | 12 |  |  | (34) |  |  | -
|  | Total revenues |  |  | 99 |  |  | (63) |  |  | 30 |  |  | (34) |  |  | 32
Losses and loss adjustment |  |  | 9 |  |  | - |  |  | 13 |  |  | - |  |  | 22
Operating |  |  | 9 |  |  | 22 |  |  | 14 |  |  | - |  |  | 45
Interest |  |  | - |  |  | 23 |  |  | 27 |  |  | - |  |  | 50
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 16 |  |  | - |  |  | 16
Inter-segment expenses(2) |  |  | 18 |  |  | - |  |  | 14 |  |  | (32) |  |  | -
|  | Total expenses |  |  | 36 |  |  | 45 |  |  | 84 |  |  | (32) |  |  | 133
Income (loss) before income taxes |  |  | 63 |  |  | (108) |  |  | (54) |  |  | (2) |  |  | (101)
Provision (benefit) for income taxes |  |  | 22 |  |  | (24) |  |  | (23) |  |  | 2 |  |  | (23)
Net income (loss) |  | $ | 41 |  | $ | (84) |  | $ | (31) |  | $ | (4) |  | $ | (78)
Identifiable assets |  | $ | 5,268 |  | $ | 2,478 |  | $ | 7,845 |  | $ | (2,840) | (3) | $ | 12,751
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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.
|  |  |  | Three Months Ended March 31, 2015
|  |  |  | U.S. |  |  |  | International |  |  |  |  |  |
|  |  |  | Public |  |  |  | and Structured |  |  |  |  |  |
|  |  |  | Finance |  |  |  | Finance |  |  |  |  |  |
In millions |  | Insurance |  | Corporate |  | Insurance |  | Eliminations |  | Consolidated
Revenues(1) |  | $ | 105 |  | $ | 5 |  | $ | 29 |  | $ | - |  | $ | 139
Net change in fair value of insured derivatives |  |  | - |  |  | - |  |  | 28 |  |  | - |  |  | 28
Net gains (losses) on financial instruments at fair value and |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| foreign exchange |  |  | 3 |  |  | 32 |  |  | (5) |  |  | - |  |  | 30
Other net realized gains (losses) |  |  | (4) |  |  | 24 |  |  | - |  |  | - |  |  | 20
Revenues of consolidated VIEs |  |  | - |  |  | - |  |  | 2 |  |  | - |  |  | 2
Inter-segment revenues(2) |  |  | 10 |  |  | 16 |  |  | 18 |  |  | (44) |  |  | -
|  | Total revenues |  |  | 114 |  |  | 77 |  |  | 72 |  |  | (44) |  |  | 219
Losses and loss adjustment |  |  | (6) |  |  | - |  |  | - |  |  | - |  |  | (6)
Operating |  |  | 10 |  |  | 19 |  |  | 19 |  |  | - |  |  | 48
Interest |  |  | - |  |  | 25 |  |  | 25 |  |  | - |  |  | 50
Expenses of consolidated VIEs |  |  | - |  |  | - |  |  | 14 |  |  | - |  |  | 14
Inter-segment expenses(2) |  |  | 24 |  |  | 1 |  |  | 18 |  |  | (43) |  |  | -
|  | Total expenses |  |  | 28 |  |  | 45 |  |  | 76 |  |  | (43) |  |  | 106
Income (loss) before income taxes |  |  | 86 |  |  | 32 |  |  | (4) |  |  | (1) |  |  | 113
Provision (benefit) for income taxes |  |  | 29 |  |  | 17 |  |  | (2) |  |  | - |  |  | 44
Net income (loss) |  | $ | 57 |  | $ | 15 |  | $ | (2) |  | $ | (1) |  | $ | 69
Identifiable assets |  | $ | 5,859 |  | $ | 2,730 |  | $ | 10,565 |  | $ | (3,259) | (3) | $ | 15,895
________________ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(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.
Summary Of premiums earned on financial guarantees and insured derivatives by geographic location of risk |
|  |  |  | Three Months Ended March 31, |
| In millions |  | 2016 |  | 2015 |
| Total premiums earned: |  |  |  |  |  |  |
|  | United States |  | $ | 59 |  | $ | 87 |
|  | United Kingdom |  |  | 7 |  |  | 7 |
|  | Europe (excluding United Kingdom) |  |  | 1 |  |  | 2 |
|  | Internationally diversified |  |  | - |  |  | 1 |
|  | Other Americas |  |  | 7 |  |  | 6 |
|  | Asia |  |  | 1 |  |  | 1 |
|  | Other |  |  | 1 |  |  | 1 |
| Total |  | $ | 76 |  | $ | 105 |

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- 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. + Details
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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=51669610&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=51669610&loc=d3e8906-108599 + Details
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