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Business Segments (Tables)

3 Months Ended

Mar. 31, 2017

Text Block [Abstract]

Summary of company's segment results

				Three Months Ended March 31, 2017
				U.S.						International
				Public						and Structured
				Finance						Finance
In millions				Insurance			Corporate			Insurance			Eliminations			Consolidated
Revenues(1)				$	68		$	8		$	27		$	-		$	103
Net change in fair value of insured derivatives					-			-			(53)			-			(53)
Net gains (losses) on financial instruments at fair value and
	foreign exchange				4			16			(3)			-			17
Net investment losses related to other-than-temporary impairments					(2)			-			-			-			(2)
Net gains (losses) on extinguishment of debt					-			8			-			-			8
Other net realized gains (losses)					-			(1)			4			-			3
Revenues of consolidated VIEs					-			-			1			-			1
Inter-segment revenues(2)					5			16			9			(30)			-
		Total revenues			75			47			(15)			(30)			77
Losses and loss adjustment					11			-			83			-			94
Operating					10			18			8			-			36
Interest					-			22			26			-			48
Expenses of consolidated VIEs					-			-			19			-			19
Inter-segment expenses(2)					15			1			14			(30)			-
		Total expenses			36			41			150			(30)			197
Income (loss) before income taxes					39			6			(165)			-			(120)
Provision (benefit) for income taxes					12			(4)			(57)			1			(48)
Net income (loss)				$	27		$	10		$	(108)		$	(1)		$	(72)
Identifiable assets				$	5,128		$	2,335		$	6,502		$	(2,948)	(3)	$	11,017
________________
(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, 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.

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

				Three Months Ended March 31,
	In millions			2017			2016
	Total premiums earned:
		United States		$	41		$	59
		United Kingdom			-			7
		Europe (excluding United Kingdom)			1			1
		Other Americas			7			7
		Asia			-			1
		Other			1			1
	Total			$	50		$	76

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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X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ 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=68060357&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=68060357&loc=d3e8906-108599

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- References

No definition available.

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