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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Premiums, fees and reimbursements received $ 51 $ 66
Investment income received 182 181
Insured derivative commutations and losses paid (18) (19)
Financial guarantee losses and loss adjustment expenses paid (67) (36)
Proceeds from recoveries and reinsurance 63 43
Operating and employee related expenses paid (76) (80)
Interest paid, net of interest converted to principal (71) (111)
Income taxes (paid) received 0 (10)
Net cash provided (used) by operating activities 64 34
Cash flows from investing activities:    
Purchases of available-for-sale investments (1,129) (948)
Sales of available-for-sale investments 937 379
Paydowns and maturities of available-for-sale investments 256 290
Purchases of investments at fair value (49) (261)
Sales, paydowns and maturities of investments at fair value 148 328
Sales, paydowns and maturities (purchases) of short-term investments, net 223 305
Sales, paydowns and maturities of held-to-maturity investments 1,799 32
Paydowns and maturities of loans receivable 121 109
Consolidation of variable interest entities 1 7
(Payments) proceeds for derivative settlements (28) 54
Collateral (to) from swap counterparty (21) (54)
Capital expenditures 0 (2)
Other investing (4) 47
Net cash provided (used) by investing activities 2,254 286
Cash flows from financing activities:    
Proceeds from investment agreements 9 11
Principal paydowns of investment agreements (47) (49)
Principal paydowns of medium-term notes (52) (63)
Principal paydowns of variable interest entity notes (2,034) (242)
Principal paydowns of long-term debt 0 (11)
Purchases of treasury stock (108) (177)
Net cash provided (used) by financing activities (2,232) (531)
Effect of exchange rate changes on cash and cash equivalents (3) (4)
Net increase (decrease) in cash and cash equivalents 83 (215)
Cash and cash equivalents - beginning of period 522 782
Cash and cash equivalents - end of period 605 567
Reconciliation of net income (loss) to net cash provided (used) by operating activities: [Abstract]    
Net income (loss) (105) 133
Change in: [Abstract]    
Premiums receivable 121 42
Deferred acquisition costs 21 24
Unearned premium revenue (194) (184)
Loss and loss adjustment expense reserves 30 (5)
Insurance loss recoverable 65 50
Accrued interest payable 54 50
Accrued expenses (13) (5)
Unrealized (gains) losses on insured derivatives 20 (100)
Net (gains) losses on financial instruments at fair value and foreign exchange 63 (71)
Other net realized (gains) losses 1 (19)
Deferred income tax provision (benefit) (52) 70
Interest on variable interest entities, net 34 33
Other operating 19 16
Total adjustments to net income (loss) 169 (99)
Net cash provided (used) by operating activities $ 64 $ 34